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Arab Iron and Steel Union to invest in Pakistan

Arab Iron and Steel Union to invest in Pakistan

KARACHI: Chairman of Al Tuwairqi Holding, Dr Hilal Hussain Al Tuwairqi, said that the current scenario of the Pakistani steel sector indicates a huge growth potential in this industry. The per capita-consumption of steel in Pakistan is only 38 kg vis a vis a global average of 175 kg. Even if we consider the very modest increase in per capita [...]

Abu Dhabi: Leaning to the right?

Abu Dhabi: Leaning to the right?

Plenty of skyscrapers dominate the desert horizons of the Middle East including the world's tallest building, the 828-metre Burj Khalifa in Dubai, but until now the term 'leaning tower' has been associated with just one destination - Pisa... The centuries-old Italian tourist attraction - which began to lean shortly after it was built in 1173 - [...]

AME Info, Abu Dhabi, United Arab Emirates, manufacturing and industry briefs

AME Info, Abu Dhabi, United Arab Emirates, manufacturing and industry briefs

QATAR STEEL INKS DEAL WITH SIEMENS: Qatar Steel has signed an agreement with Siemens VAI for upgrading the capacity of the steel maker's melt shop by 30 percent, Gulf Times has reported. Siemens will supply and install the core equipment required for the upgrade. The new plant will be commissioned by the second quarter of 2012, Qatar Steel [...]

BIR: Stainless steel markets still fragile

BIR: Stainless steel markets still fragile

Brussels - Global production of stainless steel is likely to exceed 30m tonnes this year compared to less than 24m tonnes in 2009, with 50 percent of this output likely to be from emerging markets such as China, India, the Middle East and South America. So the BIR Stainless Steel & Special Alloys Committee meeting in Istanbul was informed by its [...]

ASM, Bank of Communications, Foxconn: Hong Kong Equity Preview

ASM, Bank of Communications, Foxconn: Hong Kong Equity Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index was little changed at 19,780.07. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 0.2 percent to 11,375.51. Chinese [...]

Qatar Steel to see 30pct increase in its melt shop capacity

Qatar Steel to see 30pct increase in its melt shop capacity

Qatar Steel's melt shop capacity would go up by about 30% following an upgrade project the Mesaieed based company signed with Siemens VAI. Qatar Steel said that the deal facilitates the supply and installation of core equipment required for the upgrade. The project will also take care of the emissions through a sophisticated off gas treatment [...]

Emirates Steel Shines as Abu Dhabi-Based Company Awarded Gold At SAP EMEA Quality Awards

Emirates Steel Shines as Abu Dhabi-Based Company Awarded Gold At SAP EMEA Quality Awards

Emirates Steel, the largest integrated steel plant in the UAE, has been awarded gold at the SAP Europe, Middle East, and Africa (EMEA) Quality Awards at a ceremony hosted at SAPPHIRE NOW in Frankfurt, Germany. The win recognizes Emirates Steels successful SAP ECC go-live in January 2009 both on time and on budget across its 3 Rolling Mills, [...]

Emirates Steel scoops another SAP award

Emirates Steel scoops another SAP award

Emirates Steel followed last month’s Middle East and North Africa (MENA) SAP Gold Quality Award by securing the highly coveted Gold SAP Quality Award for Europe, the Middle East and Africa (EMEA) at an awards ceremony in Frankfurt, Germany. From a multi-national shortlist, the UAE firm scooped the prize in the small and mid-size enterprise [...]

Middle East steel market groping for the maiden revival – 02 Jun, 2010

Middle East steel market groping for the maiden revival – 02 Jun, 2010

The Middle East steel market can aptly be termed as the "Back waters of steel market". In the post recession era has been beset with undulation as markets have seen crest and trough at irregular intervals. However this region has maintained consist lull all through. Occasional flurry has been restricted to a tepid stock replenishment without [...]

European steel market remains high despite global slowdown

European steel market remains high despite global slowdown

It is reported that global steel market is decreasing and the prices in most regional markets are going down. At that Europe remains one of the regions, where the prices for flat steel are keeping high. Metallurgical companies from Germany, Benelux, and France offer HRC at EUR 630 to EUR 650 per tonne EXW, in the south of Europe the prices [...]

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